Home / Business and Economy / ND Farmers Get $300M Lifeline Amidst Crisis
ND Farmers Get $300M Lifeline Amidst Crisis
26 Nov
Summary
- North Dakota offers $300 million in low-interest loans to farmers.
- Loans help restructure debt and cover operating shortfalls.
- Program aims to stabilize the state's foundational agriculture industry.
The North Dakota Industrial Commission has approved two loan programs from the Bank of North Dakota, totaling $300 million, to support agricultural producers facing financial strain. These initiatives are designed to provide much-needed relief from the combined pressures of tariffs, low commodity prices, high costs, and recent severe weather events.
The 2026 Farm Financial Stability Loan Program, allocating $300 million, will offer low-interest loans to farmers and ranchers who experienced operating shortfalls in 2024 or 2025. The Bank of North Dakota will fund up to 75% of these loans, with interest rates anticipated to be around 4.3% or 4.4%, significantly below the bank's current base rate.
These loans are intended to help agricultural producers manage existing debts, convert recent losses into longer repayment schedules, and ensure financial stability for the 2026 planting season. Officials emphasized the importance of these measures in safeguarding the state's agricultural economy, which is foundational to North Dakota's communities and overall economic health.
